Jerome Powell
The Lede
Jay Powell, the Prepster Banker Who Is Standing Up to Trump
The seventy-two-year-old Fed chairman put to shame the heads of law firms, universities, and public companies who have caved to the White House.
The Financial Page
How Far Could Donald Trump’s Assault on the Federal Reserve Go?
Some central-bank veterans are concerned about a scenario in which the President’s appointees gain effective control of the institution and end its independence.
The Financial Page
Donald Trump’s War with Jerome Powell and the Fed Is Far from Over
The President’s campaign to bend the independent central bank to his will is straight out of the playbook of populist strongmen and will likely go on for years.
Our Columnists
The Federal Reserve Is Trying to Catch Up with Falling Inflation
With price increases having greatly moderated, Jay Powell and his colleagues are trying to stick a “soft landing” for the economy.
Our Columnists
Jerome Powell Is Still Puzzling Over the Strength of the U.S. Economy
Even as the Fed chair and his colleagues have raised interest rates to bring down inflation, spending and hiring have picked up recently, and G.D.P. growth looks strong.
Our Columnists
Some Good News on Inflation
The latest Consumer Price Index indicates moderating price pressures—something the Federal Reserve should take on board in setting interest rates.
Our Columnists
How Wall Street Is Making Jerome Powell’s Job Harder
By prematurely celebrating a victory over inflation, investors are making it more likely that the Federal Reserve will keep rates higher for longer.
Our Columnists
Why Jerome Powell Could Be the Most Important Person in Washington Between Now and 2024
With gridlock looming in Congress, the task of stabilizing the economy will fall largely on the Fed chair.
Our Columnists
Jerome Powell and the Fed Are Still Struggling to Understand a Crazy Economy Hit by the Pandemic and War
The models that economists have long relied on to analyze inflation have broken down since the coronavirus pandemic began.
Our Columnists
Jerome Powell’s Double Message on Inflation
The Fed raised interest rates for the first time since 2018, but its chair insists the move won’t deliver a serious hit to the wider economy.
Our Columnists
Note to the Federal Reserve: Don’t Panic About Inflation
Jerome Powell and his colleagues have the capacity, if they overreact, to crash the housing market, the stock market, and the economy.
Our Columnists
As Omicron Spreads, Jerome Powell Is in the Hot Seat
With inflation and the new coronavirus variant buffeting the economy, the Federal Reserve chair is attempting a feat that Alan Greenspan and Ben Bernanke failed spectacularly to pull off.
Our Columnists
How Much of a Threat Is the Omicron Variant to the Economy?
Joe Biden and Jerome Powell will be watching developments anxiously.
Our Columnists
Why Jerome Powell and the Fed Should Ignore the Inflation Hawks
Strong growth and a tight labor market are helping workers make sustained wage gains.
Our Columnists
Economic Reality Bites Wall Street and Trump
With his incessant economic boosterism, the President has strapped himself into his own rocket ship.
Our Columnists
Who’s Right About the Economy—Jared Kushner or the Chairman of the Federal Reserve?
The President’s son-in-law is prominent among optimists making rosy predictions about restarting commerce. But Jay Powell sees stormy skies ahead.
Our Columnists
The Man with the U.S. Economy (and Trump’s Reëlection Chances) in His Hands
In March, Donald Trump labelled Jerome Powell, the chair of the Federal Reserve, an “enemy.” Now the President’s chances in November may hinge on the Fed’s response to the coronavirus.
Our Columnists
After a Strong Jobs Report, Economic Questions Linger for 2020
Looking toward the upcoming Presidential race, a key question is how long this cycle can last, and whether there is anything on the horizon that could send the economy into a pre-election tailspin.
Our Columnists
The High-Stakes Battle Between Donald Trump and the Federal Reserve
For months, Trump has been publicly railing against the Federal Reserve; in private, he has been asking his aides if he can fire its head, Jerome Powell.